Charles Schwab Investment Management Inc. Purchases 12,249 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Charles Schwab Investment Management Inc. grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,015 shares of the medical instruments supplier’s stock after purchasing an additional 12,249 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Mettler-Toledo International worth $174,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after purchasing an additional 67,864 shares in the last quarter. Comgest Global Investors S.A.S. boosted its position in Mettler-Toledo International by 2,689.3% during the third quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock valued at $58,261,000 after buying an additional 50,694 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of Mettler-Toledo International by 6,844.3% in the third quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock worth $54,248,000 after buying an additional 48,252 shares during the period. Martin Currie Ltd. lifted its stake in shares of Mettler-Toledo International by 108.5% in the 3rd quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock valued at $100,727,000 after acquiring an additional 47,306 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in Mettler-Toledo International by 30.3% during the 3rd quarter. Impax Asset Management Group plc now owns 180,977 shares of the medical instruments supplier’s stock valued at $200,535,000 after acquiring an additional 42,120 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 over the last three months. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MTD. Evercore ISI lifted their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,191.57.

Mettler-Toledo International Stock Performance

MTD opened at $1,290.42 on Friday. The stock has a market capitalization of $27.60 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 3.42 and a beta of 1.16. The stock’s 50 day moving average price is $1,282.67 and its 200-day moving average price is $1,188.88. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,411.61.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.63 by $1.26. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same period in the previous year, the firm earned $8.69 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts forecast that Mettler-Toledo International Inc. will post 39.9 EPS for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.